Company Profile

Coal India is currently trading at Rs. 442.55, up by 0.55 points or 0.12% from its previous closing of Rs. 442.00 on the BSE.

The scrip opened at Rs. 442.50 and has touched a high and low of Rs. 448.40 and Rs. 436.10 respectively. So far 184452 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.75 on 16-Feb-2024 and a 52 week low of Rs. 213.70 on 03-Apr-2023.

Last one week high and low of the scrip stood at Rs. 448.40 and Rs. 426.20 respectively. The current market cap of the company is Rs. 272608.29 crore.

The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 31.74% and 5.11% respectively.

Coal India’s coal production has increased by 6.1% to 88.6 million tonnes (MT) in March 2024 as against 83.5 MT in March 2023. The company’s production in the April- March 2023-24 period increased 10% to 773.6 MT, compared with 703.2 MT in the year-ago period.      

The company's offtake increased by 7.2% to 68.8 MT in March, 2024, over 64.2 MT in the corresponding month of the previous financial year. Its offtake in the April- March 2023-24 period increased by 8.5% to 753.5 MT over 694.7 MT in the year-ago period. 

Coal India (CIL) is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Coal India’s coal production has increased by 6.1% to 88.6 million tonnes (MT) in March 2024 as against 83.5 MT in March 2023. The company’s production in the April- March 2023-24 period increased 10% to 773.6 MT, compared with 703.2 MT in the year-ago period.      

The company's offtake increased by 7.2% to 68.8 MT in March, 2024, over 64.2 MT in the corresponding month of the previous financial year. Its offtake in the April- March 2023-24 period increased by 8.5% to 753.5 MT over 694.7 MT in the year-ago period. 

Coal India (CIL) is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

NOCIL has received approval for incurring Capital Expenditure not exceeding Rs 250 crore towards capacity enhancement (Rubber chemicals) at Dahej. The Board of Directors of the Company its meeting held on March 26, 2024 has accorded approval for the same. 

Coal India’s subsidiary -- Mahanadi Coalfields (MCL) has achieved the 200-million tonne (MT) coal production mark in the 2023-24 fiscal. MCL has mining operations in Odisha's Angul, Jharsuguda and Sundergarh districts. MCL had attained the 100-MT mark in 2009-10, while 150-MT output was achieved in 2021-22. 

Tech Mahindra is planning to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to synergise business operations, optimise operational cost, and reduce compliance risks. The merger is subject to regulatory approvals in the country of incorporation. The appointed date of the plan of merger is April 1, 2024.

Praveg has launched the Safari Velavadar Resort in Gujarat, marking a new chapter in luxury hospitality. The resort is poised to achieve an impressive occupancy in the forthcoming six months, reflecting the high demand for sustainable luxury accommodations. The average room rate should be in the range of Rs 20,000 to Rs 22,000. Praveg’s expansion represents a strategic milestone for the company, with promising prospects for revenue growth, profitability, and shareholder value creation. Situated in Gujarat's vibrant heart, Velavadar captivates with its stunning ecosystem and scenic beauty. 

Prataap Snacks has commenced commercial production at its newly set up Unit situated at Kartholi Teh. Bari Brahmana, Samba, Jammu & Kashmir on March 26, 2024. The said Unit has been set up for the production of extruded namkeen snacks, fried namkeen pellets and other namkeen snacks including popcorn with a total capacity of about 10,000 MT per annum. 

SecMark Consultancy has entered into Software Purchase agreement for purchase of software applications including intellectual property rights along with all right, title and interest therein with Comtek Software Systems LLP (Comtek) on March 26, 2024.  The company has further entered into consultancy agreement for services with respect to further developing, maintaining and enhancing the software applications purchased from Comtek, similar services for applications of SecMark, developing migration software, maintaining client relationship and related services through agreement dated March 26, 2024 (herein after referred as Consultancy Agreement).

Standard Chartered Bank, a public shareholder of CDSL is reportedly likely to sell its entire 7.18 per cent stake (75 lakh equity shares) for $151 million through a block deal. 

Coal India’s subsidiary -- Mahanadi Coalfields (MCL) has achieved the 200-million tonne (MT) coal production mark in the 2023-24 fiscal. MCL has mining operations in Odisha's Angul, Jharsuguda and Sundergarh districts. MCL had attained the 100-MT mark in 2009-10, while 150-MT output was achieved in 2021-22. 

Coal India (CIL) is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Coal India (CIL) has achieved a record production of 703.91 million tonnes (MT) of coal up to March 7, 2024 during the current fiscal, surpassing last financial year’s production of 703.20 MT by an impressive margin of 24 days. Additionally, CIL maintains an ample coal stock of 72.70 MT as of March 7, 2024.

Adoption of the Mine Developer and Operator (MDO) model, mechanization and modernization of CIL mines, both Underground (UG) & Opencast (OC), undertaking new projects, expanding existing projects, have bolstered coal production. Moreover, the induction of enhanced Mass Production Technologies and the digitization of operations, including the introduction of ERP, have played pivotal role in enhancing mine efficiency and productivity.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.